Page 30 - FDMAsia NovDec 2024

28 FOCUS NOV/DEC 2024 FDM ASIA | www.fdmasia.com

Old Farmer's Almanac Listed trading of log futures and options
In late October the Dalian Commodity Exchange (DCE) released
notices on the listing and trading of log futures and options.
The subject of the transaction is coniferous logs and provides

a risk management tool for the timber industry.
Log futures are listed on 18 November 2024 followed by
log options on 19 November 2024. Currently there is no night
trading session for log futures and options.
After the listing of log futures and options Dalian Commodity
has claimed wood fibreboard products from China and Thailand Exchange will ensure the smooth operation of the market and
are being dumped into the Vietnamese market at very low create a joint force with all parties to continuously enhance
prices causing serious damage to local manufacturers. timber industry participation.
They will also continue to enhance the influence of log

English versions of national standards on wood-based futures prices in domestic and foreign market and enhance
panels released the ability to serve the high-quality development of China's
It has been reported that English versions of two National timber industry.
Standards on the Formaldehyde Emission Classification for Policies to encourage consumption and house renovation
Wood-Based Panels and Products and Indoor Load Limit China introduced preferential policies to encourage
Guide for Wood-based Panels have been released. consumption of interior decoration items and to promote
These two Standards are important guidelines in formaldehyde housing renovation.

emission limits and indoor load limits for wood-based panels. Since the release of the “Action Plan to Promote the
The National Standard on the Formaldehyde Emission Replacement of Old Consumer Goods with New Ones’ in China
Classification for Wood-Based Panels and its Products is a all parts of the country have responded to this national call
refinement and supplements the mandatory national standard to carry out the renewals by replacing old household items.
GB 18580-2017 Formaldehyde Emission Limits in Wood-Based In terms of promoting the "refresh" home improvement
Panels and Its Products for Interior Decoration Materials. for kitchens and bathrooms subsidies have been provided
These changes are aimed at promoting the production to encourage decoration consumption and promote housing
of wood-based panels in order to meet consumer demand transformation in the provinces of Anhui, Shandong, Guangdong,
for ‘green wood-based panels’ and to promote the ‘green’ Zhejiang, Guangxi Zhuang Autonomous Region, Jiangsu,

development and transformation and upgrading of the wood- He’nan, Fujian and Liaoning.
based panel industry. The maximum subsidy per house is not more than
The National Standard on ‘Indoor Load Limit Guide for RMB20,000 for the purchase of furniture and decorative
Wood-based Panels’ based on the limit for formaldehyde materials. Furthermore, the use of subsidies for purchasing
emission provides guidance for the use of a number of wood- green building materials and home improvement products,
based panels in interior decoration which is of significance for smart homes and house improvement suitable for the elderly
protecting consumer health, eliminating indoor environmental living will be encouraged.

pollution and promoting the healthy development of the wood- In order to accurately implement the subsidies the
based panel industry. authorities will adapt implementation on the basis of local